Alfa Transformers Ltd

Alfa Transformers Ltd

₹ 121 -1.99%
26 Apr - close price
About

Incorporated in 1982, Alfa Transformers Limited manufactures small distribution transformers and offers related technical assistance and services, including repair work.

Key Points

Product Profile:[1]
a) Single Phase: wound core type transformers
b) Three Phase: Distributional transformers
c) Power Transformers: up to 15 MVA, 36 KV
d) Stabilized output transformers
e) Low Loss energy-efficient transformers
f) Transformers for Induction Furnace Duty
g) Transformers for ARC and submerged arc furnace duty.
h) Step Lap CRGO Lamination
i) Amorphous Metal Alloy Core Laminations.[2]

  • Market Cap 111 Cr.
  • Current Price 121
  • High / Low 126 / 20.2
  • Stock P/E 14.4
  • Book Value 23.7
  • Dividend Yield 0.00 %
  • ROCE 9.84 %
  • ROE 7.82 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.1% CAGR over last 5 years
  • Debtor days have improved from 49.3 to 31.7 days.

Cons

  • Stock is trading at 5.12 times its book value
  • Promoter holding has decreased over last quarter: -0.67%
  • The company has delivered a poor sales growth of -8.93% over past five years.
  • Company has a low return on equity of -28.6% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.45 6.61 2.47 1.64 2.31 3.24 3.48 6.24 12.09 7.24 12.38 13.87 13.37
7.32 9.12 3.22 2.62 2.68 3.83 3.38 5.51 10.79 6.80 10.74 13.03 12.69
Operating Profit -0.87 -2.51 -0.75 -0.98 -0.37 -0.59 0.10 0.73 1.30 0.44 1.64 0.84 0.68
OPM % -13.49% -37.97% -30.36% -59.76% -16.02% -18.21% 2.87% 11.70% 10.75% 6.08% 13.25% 6.06% 5.09%
0.86 0.04 0.06 0.03 0.03 0.35 0.04 0.02 0.09 0.24 0.14 0.10 0.11
Interest 0.32 0.25 0.23 0.26 0.20 0.17 0.28 0.28 0.29 0.35 0.33 0.39 0.36
Depreciation 0.29 0.28 0.27 0.27 0.27 0.31 0.25 0.26 0.24 0.27 0.27 0.27 0.27
Profit before tax -0.62 -3.00 -1.19 -1.48 -0.81 -0.72 -0.39 0.21 0.86 0.06 1.18 0.28 0.16
Tax % 0.00% -151.00% 4.20% 3.38% 4.94% 15.28% 12.82% -33.33% -1.16% -250.00% -3.39% -2,064.29% -37.50%
-0.62 -7.52 -1.14 -1.43 -0.77 -0.62 -0.34 0.28 0.87 0.20 1.23 6.06 0.22
EPS in Rs -0.68 -8.22 -1.25 -1.56 -0.84 -0.68 -0.37 0.31 0.95 0.22 1.34 6.62 0.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
19.24 21.48 26.21 26.33 26.81 25.46 46.09 64.41 32.71 19.59 9.64 28.88 46.86
17.94 21.87 26.07 24.32 24.60 25.40 45.90 63.22 38.07 25.57 12.30 26.24 43.26
Operating Profit 1.30 -0.39 0.14 2.01 2.21 0.06 0.19 1.19 -5.36 -5.98 -2.66 2.64 3.60
OPM % 6.76% -1.82% 0.53% 7.63% 8.24% 0.24% 0.41% 1.85% -16.39% -30.53% -27.59% 9.14% 7.68%
0.22 0.17 2.53 0.16 0.23 0.27 0.17 0.41 0.30 1.01 0.43 0.31 0.59
Interest 2.71 2.43 1.97 1.64 1.65 1.97 1.97 1.82 1.35 1.13 0.86 1.19 1.43
Depreciation 0.90 0.92 0.84 1.53 1.35 1.19 1.15 1.22 1.22 1.16 1.12 1.03 1.08
Profit before tax -2.09 -3.57 -0.14 -1.00 -0.56 -2.83 -2.76 -1.44 -7.63 -7.26 -4.21 0.73 1.68
Tax % -9.09% 0.28% 0.00% 0.00% 3.57% 0.00% -0.36% 2.08% 0.00% -62.40% 5.94% -38.36%
-2.28 -3.55 -0.14 -1.00 -0.54 -2.83 -2.77 -1.41 -7.63 -11.79 -3.96 1.01 7.71
EPS in Rs -4.25 -6.62 -0.26 -1.87 -1.01 -4.49 -3.75 -1.54 -8.34 -12.88 -4.33 1.10 8.42
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 3%
5 Years: -9%
3 Years: -4%
TTM: 87%
Compounded Profit Growth
10 Years: 9%
5 Years: 19%
3 Years: 29%
TTM: 3958%
Stock Price CAGR
10 Years: 22%
5 Years: 36%
3 Years: 126%
1 Year: 475%
Return on Equity
10 Years: -14%
5 Years: -19%
3 Years: -29%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.36 5.36 5.36 5.36 5.36 6.31 7.40 9.15 9.15 9.15 9.15 9.15 9.15
Reserves 15.80 12.13 11.80 10.69 10.15 28.52 27.10 30.24 22.49 8.33 4.28 5.28 12.53
16.50 10.71 7.81 6.89 9.55 9.72 8.10 7.36 6.01 4.39 5.03 7.75 8.90
6.84 8.93 7.28 9.39 6.96 7.49 23.35 15.12 14.25 14.60 13.14 13.93 9.88
Total Liabilities 44.50 37.13 32.25 32.33 32.02 52.04 65.95 61.87 51.90 36.47 31.60 36.11 40.46
18.37 17.49 16.33 14.44 13.20 31.75 31.00 30.42 29.47 23.71 22.44 21.83 21.29
CWIP 0.22 0.08 0.06 0.00 0.00 0.02 0.03 0.03 0.47 0.33 0.33 0.00 0.08
Investments 0.63 0.63 0.13 0.13 0.13 0.13 0.13 0.01 0.01 0.01 0.01 0.00 0.00
25.28 18.93 15.73 17.76 18.69 20.14 34.79 31.41 21.95 12.42 8.82 14.28 19.09
Total Assets 44.50 37.13 32.25 32.33 32.02 52.04 65.95 61.87 51.90 36.47 31.60 36.11 40.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.25 6.43 3.44 1.99 -0.96 -2.34 -1.52 -2.32 -1.14 -0.54 -0.58 -2.28
0.44 0.49 2.74 0.53 -0.09 0.04 -0.70 -3.89 1.53 -0.09 0.87 -0.56
-2.68 -6.85 -6.24 -2.57 1.01 2.34 2.19 6.18 -0.15 0.38 -0.28 2.85
Net Cash Flow 0.01 0.07 -0.06 -0.05 -0.04 0.04 -0.03 -0.03 0.24 -0.25 0.01 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 161.06 124.22 61.41 78.60 69.57 85.01 140.80 69.93 57.80 47.33 68.91 31.72
Inventory Days 350.13 177.86 146.89 167.54 192.25 188.44 120.26 75.32 130.66 80.58 149.84 113.36
Days Payable 116.71 136.99 88.51 130.75 84.67 89.09 196.10 83.00 126.77 142.74 247.34 108.56
Cash Conversion Cycle 394.48 165.09 119.80 115.39 177.16 184.36 64.97 62.25 61.70 -14.83 -28.58 36.53
Working Capital Days 277.35 160.24 101.80 98.84 136.69 162.14 77.45 63.47 54.12 7.27 -35.21 35.51
ROCE % 1.58% -3.55% -0.64% 2.63% 4.54% -2.47% -1.81% 0.58% -14.81% -23.35% -16.46% 9.84%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.96% 46.96% 46.96% 46.96% 46.96% 46.97% 46.99% 47.24% 47.60% 47.49% 47.49% 46.82%
53.04% 53.04% 53.04% 53.04% 53.04% 53.02% 53.00% 52.76% 52.39% 52.50% 52.51% 53.19%
No. of Shareholders 2,7792,9283,2053,3993,3823,3503,2683,3883,5525,3206,8767,601

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